Hamilton Capital Partners LLC Makes New Investment in General Electric (NYSE:GE)

Hamilton Capital Partners LLC purchased a new stake in General Electric (NYSE:GE) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 1,657 shares of the conglomerate’s stock, valued at approximately $276,000. General Electric accounts for approximately 0.2% of Hamilton Capital Partners LLC’s holdings, making the stock its 25th biggest holding.

Several other large investors have also modified their holdings of GE. Lifeworks Advisors LLC increased its holdings in shares of General Electric by 35.5% in the 4th quarter. Lifeworks Advisors LLC now owns 1,853 shares of the conglomerate’s stock valued at $309,000 after acquiring an additional 485 shares during the period. Intellectus Partners LLC boosted its position in General Electric by 19.2% during the fourth quarter. Intellectus Partners LLC now owns 2,096 shares of the conglomerate’s stock valued at $350,000 after purchasing an additional 338 shares in the last quarter. Larson Financial Group LLC grew its stake in General Electric by 12.1% in the fourth quarter. Larson Financial Group LLC now owns 30,533 shares of the conglomerate’s stock valued at $5,093,000 after purchasing an additional 3,301 shares during the last quarter. HM Payson & Co. raised its holdings in General Electric by 10.7% in the fourth quarter. HM Payson & Co. now owns 24,903 shares of the conglomerate’s stock worth $4,154,000 after purchasing an additional 2,412 shares in the last quarter. Finally, AMF Tjanstepension AB purchased a new stake in shares of General Electric during the fourth quarter valued at about $76,598,000. Institutional investors own 74.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GE. Redburn Atlantic initiated coverage on shares of General Electric in a research report on Tuesday, February 18th. They issued a “buy” rating and a $250.00 price objective on the stock. Northcoast Research initiated coverage on shares of General Electric in a report on Tuesday, January 7th. They issued a “neutral” rating on the stock. Citigroup increased their price objective on General Electric from $216.00 to $235.00 and gave the company a “buy” rating in a report on Monday, January 27th. Wells Fargo & Company raised their price objective on General Electric from $225.00 to $250.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Finally, Bank of America upped their target price on General Electric from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Two investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, General Electric currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.31.

General Electric Trading Down 1.0 %

Shares of NYSE:GE opened at $194.08 on Friday. The business has a 50-day moving average price of $193.02 and a 200-day moving average price of $183.02. The stock has a market cap of $208.31 billion, a price-to-earnings ratio of 32.40, a PEG ratio of 2.59 and a beta of 1.19. General Electric has a 52-week low of $130.38 and a 52-week high of $212.19. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

General Electric (NYSE:GE) last posted its quarterly earnings results on Thursday, January 23rd. The conglomerate reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.27. General Electric had a net margin of 14.31% and a return on equity of 22.19%. Equities analysts predict that General Electric will post 5.4 EPS for the current year.

General Electric Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 10th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 0.74%. This is a positive change from General Electric’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, March 10th. General Electric’s dividend payout ratio is presently 24.04%.

General Electric Company Profile

General Electric Company, doing business as GE Aerospace, designs and produces commercial and defense aircraft engines, integrated engine components, electric power, and mechanical aircraft systems. It also offers aftermarket services to support its products. The company operates in the United States, Europe, China, Asia, the Americas, the Middle East, and Africa.